Member Info for Bubblepoint

NET ZERO,,, pretty much the reality...

Ocelot,

Just as with so many Pi before, many of whom held more than that on paper, turned to almost nothing now.

And the same applies to SC, their £180k worth is just as likely to become worthless at the rate of dilution and asset failing.

An outfit with such a lowly MC as this is basically broke, a mill MC doesn't even register, the chart tells the story and it shows no sign of changing anytime soon.

Ocelot,

No one would be that dumb to put themselves in such a position, the assets are more a liability FACT.... The company has barely 2 shillings to rub together, FACT, the Hydrogen carp is just a ridiculous distraction in the hope they can keep the confetti factory at full steam...

Ocelot,

Shore capital stake is worth a feeble £180k at best, hardly big time, there are individual Pi that have more skin in some of these stocks than that.... it is chicken feed.

UKOG, a proven NET ZERO outfit, they take whatever you put into them and turn it to zero !!!

""Surely be worth 1p minimum?""

Well yeah, someone might give em 1p for the lot, not worth much more than that mind, cost more to restore all the crap they have about the area.

Investverysmart,

Is that REALLY true ? as in invest very smart ??

If you care to look at all the trades so far today, you will quickly realise there are NONE !!

Just how do you propose it will shift to 0.05p any time soon lol...... unless YOU like Thomas, will simply keep soaking up all the stock no one else is buying/selling ??

Fair enough, so basically they have around £9m in total

We don't know what the balance on their books was pre this placing, they had what ? £6m left in Dec, plus the Energean £10m, plus this additional raise of over £6m, so all in all since Dec they have had over £20m in the pot, less the cost of a couple of cheap aris high speed shallow wells.

For all we know they could still have £10-£15m of working capital, The raise was to "strengthen" the book, not salvage it.

Ocelot,

Nooooo,,, I CLEARLY recall the master of spin only what ?? 18 months ago state that they would be looking to give dividends based on SLBY !!! never happened and never will now... They have mastered the not the art of mining but undermining,,, it is far, far more lucrative for them than doing anything good for the wider market lol

Hmmmmm and those that partake in such ermmmm confetti placings NEVER lose money !! it is just part of the backroom playground that feeds off retail !!! more like a snake pit

Sooo tell us all Ocelot,,, how do you acquire 1.1 billion shares without driving the way up ?? lololololol they clearly were not simply over the counter were they !!!

Ocelot,

Why would you say "would help ANGUS to de-risk its exposure to Saltfleetby"" ??

Why do they need to ermmm derisk ?? they are producers, revenue makers, with apparently loads more to bring to the market over the next decade,,, it is supposedly de-risked already RIGHT ???? or are you saying there is still very much risk at SLBY and they need to do something else in case it doesn't deliver as hoped !!!

The world would be a safer & wealthier place if it wasn't that's is a fact !!!

Saying that, confetti isn't just for weddings, they can produce that 365 days a year, it doesn't water out and can be ramped up super easily... it is what they are best at... it may well be what keeps the lights on past xmas...

The ONLY clarity here is that this outfit has successfully spunked over £100 MILLION of investor money on providing the UK with a grand total of 30-40bbl/d oil and a LOT of dirty water...

They don't have 2 shillings to rub together, and are now trying to fly a new distraction in the hope that everyone will forget just how disastrous this outfit has been.

Now all they do is resort to spamming X every day with their latest pipe dream to keep the placings and mass dilution rolling in and the confetti factory running at full steam.

SB,

It would be foolish of Angus to simply drill new wells to avoid the "royalties" on the existing wells and their production.

8% royalties s quiet minimal in comparison to the time, cost, and added drilling risk, add to that, it is unlikely that any new wells drilled would be positioned for draining the already producing area, it would be pointless.

Any new well/s need to be targeting areas that "may not have been drained, be that through geological compartmentalisation, faulting, variation in the permeability etc etc...

Angus have mentioned re-opening of further existing well/s, maybe with velocity strings in them or to do as before and maybe use the motherbore to drill out a new sidetrack, the question may be if they are also deemed eligible for royalties being existing wells in the field ?? if the royalty deal stated "any" existing wells, or did they manage to be well specific ?? we don't actually know.

Https://www.londonstockexchange.com/news-article/CHAR/investor-presentation-via-investor-meet-company/16580491

Not showing as RNS but there is one, for live presentation and active Q & A during the session, hopefully should answer "some" of the questions folk have amongst us, and give some direction on what is going on in background.

The problem is the CPR looks at decline in relation to reservoir pressure, BUT the real problem is induced liquids and how that is extracted.

The reservoir pressure is actually still OK, but the interaction at near wellbore and within the wellbore, meaning the rate of replenishment aligned with the degree you try to flow the well. means the more you open the well, the more you lower the wellbore pressure, the more it dips below dewpoint in the wellbore and near wellbore reservoir, and that induces more condensates/liquids.

Then you face the issue that the fluid column becomes too dense/heavy with a combination of liquids/mist and gas, and that translates to a lower gas flow at surface.

If there were no induced liquids issues then they would have a much, much better and higher gas recovery, but the situation is not reversible, all you can do is keep trying to find ways to bring more and more liquids to surface to enable the flow of gas with it.

As said before and I will keep repeating it, it is Liquids that dictate the ultimate life of this field, not the gas.

Part of the reason for the 35% drop in gas over 14 months is because they simply need to choke the wells back to keep the flowing pressure higher and control the induction of liquids.

Very ODD that you cannot put up ALL the numbers from the start of SLBY,,, the payday loans, the alternative finances, the placings, the total revenues to date & the latest consolidation debt to give a total figure of exactly how much mullah has crossed their palms since the start of this !!!!!!!!!!

As for decline, well the numbers are speaking the reality, 35% in 14 months IS THAT REALITY.......

Don't fret, I would happily be first in the line to defend our country !!